a column by Dany Bahar, Andreas Hauptmann, Cem Özgüzel and Hillel Rapoport for VOX: CEPR’s Policy Portal
The economic debate on immigration has focused on migration’s short-term labour market and fiscal effects. Less attention has been given to the long-run economic opportunities linked to migration.
This column uses the case of refugees returning to the former Yugoslavia from Germany after the end of the Yugoslav wars to explore the role that returning migrants play in shaping the industrial development of their home country. The findings support the idea that migrants are drivers of knowhow and technology transfers between countries.
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